Period
to 17 February 2020

The following table provides summary statistics for permanent job vacancies with a requirement for Backtesting skills. Included is a benchmarking guide to the salaries offered in vacancies that have cited Backtesting over the 6 months to 17 February 2020 with a comparison to the same period in the previous 2 years.

Backtesting
UK
6 months to
17 Feb 2020
Same period 2019 Same period 2018
Rank 965 1080 1129
Rank change year-on-year +115 +49 +28
Permanent jobs citing Backtesting 42 36 64
As % of all permanent IT jobs advertised in the UK 0.034% 0.024% 0.037%
As % of the Processes & Methodologies category 0.037% 0.026% 0.040%
Number of salaries quoted 28 33 31
UK median annual salary £130,000 £95,000 £57,500
Median salary % change year-on-year +36.84% +65.22% -42.50%
10th Percentile £72,500 £51,500 £37,500
90th Percentile £212,500 £111,000 £110,000
UK excluding London median annual salary £38,000 £45,000 £30,000
% change year-on-year -15.56% +50.00% -22.58%

Backtesting is in the Processes and Methodologies category. The following table is for comparison with the above and provides summary statistics for all permanent job vacancies with a requirement for process or methodology skills.

All Process and Methodology Skills
UK
Permanent vacancies with a requirement for process or methodology skills 113,410 137,850 161,545
As % of all permanent IT jobs advertised in the UK 91.94% 92.19% 92.23%
Number of salaries quoted 89,911 108,751 131,169
UK median annual salary £53,000 £52,500 £50,000
Median salary % change year-on-year +0.95% +5.00% +5.26%
10th Percentile £30,750 £29,979 £28,750
90th Percentile £88,750 £85,000 £80,000
UK excluding London median annual salary £47,000 £45,000 £45,000
% change year-on-year +4.44% - +5.88%

Backtesting
Job Vacancy Trend

Job postings citing Backtesting as a percentage of all IT jobs advertised.

Job vacancy trend for Backtesting in the UK

Backtesting
Salary Trend

This chart provides the 3-month moving average for salaries quoted in permanent IT jobs citing Backtesting.

Salary trend for Backtesting in the UK

Backtesting
Salary Histogram

The salary distribution of IT jobs citing Backtesting over the 6 months to 17 February 2020.

Salary histogram for Backtesting in the UK

Backtesting
Top 5 Job Locations

The table below looks at the demand and provides a guide to the median salaries quoted in IT jobs citing Backtesting within the UK over the 6 months to 17 February 2020. The 'Rank Change' column provides an indication of the change in demand within each location based on the same 6 month period last year.

Location Rank Change
on Same Period
Last Year
Matching
Permanent
IT Job Ads
Median Salary
Past 6 Months
Median Salary
% Change
on Same Period
Last Year
Live
Job
Vacancies
England +104 42 £130,000 +36.84% 6
London +77 41 £130,000 +36.84% 6
UK excluding London +84 1 £38,000 -15.56%
Midlands +21 1 £38,000 -
West Midlands - 1 £38,000 -

For the 6 months to 17 February 2020, IT jobs citing Backtesting also mentioned the following skills in order of popularity. The figures indicate the absolute number co-occurrences and as a proportion of all permanent job ads with a requirement for Backtesting.

1 34 (80.95%) Python
2 29 (69.05%) Finance
3 25 (59.52%) Computer Science
4 21 (50.00%) Linux
5 20 (47.62%) Low Latency
6 19 (45.24%) C#
6 19 (45.24%) Multithreading
7 18 (42.86%) C++
8 17 (40.48%) Mathematics
9 16 (38.10%) Degree
9 16 (38.10%) Risk Management
10 15 (35.71%) Software Engineering
10 15 (35.71%) Problem-Solving
11 14 (33.33%) Self-Motivation
11 14 (33.33%) Proprietary Trading
11 14 (33.33%) OOP
11 14 (33.33%) OO
12 13 (30.95%) Ruby
12 13 (30.95%) Continuous Integration
12 13 (30.95%) Performance Optimisation
12 13 (30.95%) Ultra-Low Latency
13 10 (23.81%) Statistics
13 10 (23.81%) Java
14 9 (21.43%) Validation
14 9 (21.43%) Machine Learning
14 9 (21.43%) Quantitative Research
15 8 (19.05%) Data Science
15 8 (19.05%) Hedge funds
15 8 (19.05%) Analytics
15 8 (19.05%) Algorithms

Backtesting
Co-occurring IT Skills by Category

The follow tables expand on the table above by listing co-occurrences grouped by category. The same job type, locality and period is covered with up to 20 co-occurrences shown in each of the following categories:

Applications
1 1 (2.38%) Microsoft Office
Database & Business Intelligence
1 1 (2.38%) Blockchain
1 1 (2.38%) NoSQL
Development Applications
1 1 (2.38%) Cucumber
1 1 (2.38%) Git (software)
General
1 29 (69.05%) Finance
2 6 (14.29%) Banking
2 6 (14.29%) Investment Banking
3 3 (7.14%) Front Office
4 2 (4.76%) Retail
Job Titles
1 15 (35.71%) Developer
2 14 (33.33%) Software Engineer
3 8 (19.05%) Data Scientist
4 7 (16.67%) Quantitative Developer
5 6 (14.29%) Algorithmic Trading Developer
5 6 (14.29%) Investment Banking Java Developer
5 6 (14.29%) Java Developer
5 6 (14.29%) Java Developer - Algorithmic Trading
5 6 (14.29%) Python Developer
6 4 (9.52%) Analyst
6 4 (9.52%) C# Developer
6 4 (9.52%) C# Quant Developer
7 3 (7.14%) Qualitative Analyst
7 3 (7.14%) Quantitative Analyst
8 1 (2.38%) Front Office Developer
8 1 (2.38%) QA Analyst
8 1 (2.38%) Software Test Engineer
8 1 (2.38%) Test Engineer
Libraries, Frameworks & Software Standards
1 3 (7.14%) .NET
2 2 (4.76%) .NET Framework
2 2 (4.76%) Entity Framework
2 2 (4.76%) WCF
3 1 (2.38%) Flask
3 1 (2.38%) Gherkin
Miscellaneous
1 14 (33.33%) Self-Motivation
2 8 (19.05%) Algorithms
2 8 (19.05%) Hedge funds
3 6 (14.29%) Equities
3 6 (14.29%) Foreign Exchange (FX)
4 4 (9.52%) Fixed Income
5 3 (7.14%) Credit Risk
6 2 (4.76%) Analytical Skills
7 1 (2.38%) Management Information System
Operating Systems
1 21 (50.00%) Linux
Processes & Methodologies
1 25 (59.52%) Computer Science
2 20 (47.62%) Low Latency
3 19 (45.24%) Multithreading
4 17 (40.48%) Mathematics
5 16 (38.10%) Risk Management
6 15 (35.71%) Problem-Solving
6 15 (35.71%) Software Engineering
7 14 (33.33%) OO
7 14 (33.33%) OOP
7 14 (33.33%) Proprietary Trading
8 13 (30.95%) Continuous Integration
8 13 (30.95%) Performance Optimisation
8 13 (30.95%) Ultra-Low Latency
9 10 (23.81%) Statistics
10 9 (21.43%) Machine Learning
10 9 (21.43%) Quantitative Research
10 9 (21.43%) Validation
11 8 (19.05%) Analytics
11 8 (19.05%) Data Science
11 8 (19.05%) Statistical Analysis
Programming Languages
1 34 (80.95%) Python
2 19 (45.24%) C#
3 18 (42.86%) C++
4 13 (30.95%) Ruby
5 10 (23.81%) Java
6 6 (14.29%) Java 8
7 1 (2.38%) Go
7 1 (2.38%) MATLAB
7 1 (2.38%) R
7 1 (2.38%) SQL
Qualifications
1 16 (38.10%) Degree
2 2 (4.76%) Computer Science Degree
3 1 (2.38%) PhD
Quality Assurance & Compliance
1 2 (4.76%) QA
Vendors
1 1 (2.38%) Microsoft